Home sales in the West Reading market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 20.0% to four homes sold over the last 30 days. On the other hand, close-by Reading registered 40 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in West Reading, and this period the median price of all sales fell from $122,450 to $117,950. Despite the slip in sales, a relatively low three months of inventory indicates that West Reading is a seller's market.

The number of sellers who put their homes up for sale in the West Reading market over the last 30 days remained flat this week at four. Home sales also remained unchanged from the prior period and once again five homes were sold. The median sales price in West Reading stayed put this week at $122,450. There are only two months of inventory available in West Reading, so it's a definite seller's market, even if sales are flat.

Despite a 66.7% improvement in sales numbers this week to reach five homes sold over the last 30 days, the West Reading market still shows a confirmed trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price remained unchanged over the latest reporting period for West Reading, coming in at $122,450. With just two months of inventory available and sales going up, West Reading is a solid seller's market.

West Reading is a small city in Pennsylvania with a median income of $46,163 per household. Besides being somewhat affluent, its population is much older than others with a median age of 36 years. The West Reading market almost exclusively consists of condos and townhouses, accounting for 9% of the current homes in the area. The best school in the city is West Reading El Center.

The West Reading market slowed with a 40.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 5.0 monthly average with three homes sold. Within the same time frame, Reading had 40 sales, the most of all cities in the area. The median sales price in West Reading climbed to $122,450 while months of inventory spiked to four.

The number of sellers reducing prices in the West Reading market trended up to four over the last 30 days, extending a three-week streak. During the same period, five sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are rising in West Reading, and the median sales price this period increased from $75,000 to $117,500. The rising sales and a low two months of inventory point to West Reading being a strong seller's market.

The West Reading market slowed with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 5.0 monthly average with three homes sold. In comparison, nearby Reading had 45 sales in the same time frame, the most of all neighboring cities. The median sales price dropped dramatically to $75,000, potentially helping to offset the four months of inventory left to be sold.

The West Reading market saw sales remain flat this week with six homes sold over the last 30 days, while new listings rose to four. The median sales price continued to rise, trending upwards for four weeks to reach $115,750. In spite of flat sales, a low two months of inventory signals that West Reading is a strong seller's market.

A dip in the number of pending transactions in the West Reading market over the last 30 days has resulted in the lowest levels for contracts in three months. However, while three homes went under contract, there were six completed sales, extending a three-week upward trend. In comparison, Reading had 57 contracts executed in the same time frame, the most of all nearby cities. Furthermore, a three-week upward trend in sales is expected to come to an end over the coming weeks. The median sales price of all transactions in West Reading did not budge this week, remaining at $116,000. With only two months of inventory to sell, West Reading is a still solid seller's market, even after taking into consideration the falling sales numbers.

West Reading is a larger than average city in Pennsylvania that has seen a 3.6% increase in population over the last 10 years. It also has a total population of 4,212. Homes in West Reading are older than most with a median age of 70 years. Heading the list of top schools in the city is West Reading El Center.

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